Airborne ISR Market Research Report 2019 published By Market Research Future, provides information on Global Airborne ISR Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By System (Sensor, Electronic Warfare, Maritime Petrol and AEWC), By Purpose (Surveillance, Reconnaissance and Intelligence) and By Region – Forecast To 2023
The leading market players in the global Airborne ISR market primarily include BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), UTC Aerospace Systems (US), General Dynamics (US), Raytheon (US), Thales (France), FLIR Systems Inc (US), Elbit Systems Ltd (Israel) and Boeing (US).
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Airborne ISR Market – Market Overview
With the increase in the global arms trade, the potent warfare capabilities of a number of countries have increased, invariably. Some countries, including India, Turkey and South Africa, will boost their capabilities to indigenously develop and procure advanced airborne ISR systems for enhanced offensive and defensive applications. ISR systems, networked communications systems and secure communications products, are critical elements for the command, control, communication, and intelligence gathering systems. These products and services connect a variety of airborne, which are used in the transmission, processing, recording, and monitoring functions of such systems. They provide the war fighters with the data from command centers, communication nodes and air defense systems, for real-time situational awareness and response.
The market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, North America has accounted the largest market for airborne ISR market followed by Europe and Asia Pacific. Major factors that have driven the airborne ISR market are growing demand of UAV, investments on ISR payloads, multi-role UAV remote sensors and others. On the other side, factor that are hindering the market are Complexity of data sets, Defense budget cuts, Issues associated with maritime surveillance radar and others. Despite this factors, the airborne ISR market is expected to show a good market figure owing to introduction of stealth ISR aircraft, introduction of wireless sensors, shift towards en route command and control and other.
North America leads in global military expenditure and technological advancements, and thus generates a very high demand for airborne ISR systems. Although, Canada makes some investments in the development of such advanced systems, yet the market is primarily dependent on the U.S. The region accounted for the largest share in the global market in 2016, primarily due to the presence of major manufacturers such as Lockheed Martin and Northrop Grumman in this region.
Airborne ISR Market – Competitive Analysis
The global airborne ISR market is highly competitive, and vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality ISR systems with latest technology and materials. Lockheed Martin and Northrop Grumman are the two leading vendors in the market. Their focus is primarily on the implementation of light-weight materials, more electric technologies, and robust systems.
Mergers and acquisitions, along with increased collaboration with alliance partners around the world, would drive the global airborne ISR market, in the forecast period. For example, in 2000, Raytheon, a prominent supplier of the market, merged with SY Coleman Corp., to develop surveillance systems. Similarly in 2005, three ISR vendors, Titan Corp., L-3 Communications and Boeing Satellite Systems, merged to provide enhanced ISR systems and solutions.
Industry/ Innovation/ Related News:
September 25, 2015:- Northrop Grumman along with University of Maryland launched advanced cyber security experience for students. It includes four year honours college program that provides student experience in cyber security.
June 23, 2015:- BAE systems Launched Cloud-Based Cyber Security designed to defend against targeted attacks in Canada.
June 17, 2015:- L-3 Communications Security and Detection Systems announced new Clear Scan next generation cabin baggage explosive detection system
January 5, 2015:- BAE systems launched a Corporate Security Analysis service to guide companies through social risk monitoring and regional security analysis.
Airborne ISR Market – Segments
For the convenience of the report and enhanced understanding; The Airborne ISR Market is segmented in to 3 key dynamics
Segmentation by System: Sensor, Electronic Warfare, Maritime Petrol and AEWC.
Segmentation by Purpose: Surveillance, Reconnaissance and Intelligence.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC, South America, and Middle East & Africa.
Airborne ISR Market – Regional Analysis
China, Japan, India, and South Korea, the three major technological hubs of the Asia Pacific region, have increased their military expenses significantly, and have procured a number of advanced airborne ISR systems. The other countries of the region, such as India, Australia, and Singapore are not lagging behind, as they have increased their military exports, over the years.
In the recent years, the Asian countries have been prone to extremaist and insurgent threats as well as territorial disputes. There have been a high number conflicts in the India-Pakistan border, India-China border along the Himalayas, the Indian Ocean, and the South China Sea. It has resulted in the deployment of large battalions of troops to such regions, in order to counter the rise in cross-border activities. Some countries in the region such as Australia, China, India, Japan, and South Korea have supported their armed troops with the deployment of airborne ISR systems, which would boost the soldiers’ combat capabilities, efficiencies, and accuracy.
Scope of Report
The report for Global airborne ISR Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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